Jack and Peter

Can you take a look at what Janice from Barton Malow, one of the communication team members re: her financial questions. She is pulling together the papers for the briefing book.

Thanks,
Liz

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From: "Konkel, Janice" <Janice.Konkel@BartonMalow.com>
To: Liz Margolis<margolis@aaps.k12.mi.us>
Subject: RE: Financial Info
Date: Fri, 13 Feb 2004 15:08:07 -0500
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Liz

I am trying to get a good understanding of the financials.

Here's what I think I've heard/read:

- the vote will be a combination bond and sinking fund
- the operating costs of the new HS will be financed by the general fund as a reduction to the amount expensed on annual capital improvements to all buildings
- the reduction to the capital improvement budget can be recouped through the annual sinking fund, if passed
- if only the bond passes, the annual capital improvement fund will be reduced to fund the operation of the new HS and there will be no other source of funds to recoup the difference

Is this correct?
If not, do you have the better explanation?
Who does this operating explanation come from?

How do you feel about this explanation if it is accurate?

This may warrant a conversation when you have time. Also, it appears that the actual community investment cannot be determined until such time as the final decision has been made on the bond amount and the sinking fund amount. Per Rol, the final decision may not be made until 3/1.

Janice A. Konkel
Director of Business Development
Barton Malow Company
26500 American Drive
Southfield, Michigan 48034
248.436.5860 phone
248.436.5861 fax
janice.konkel@bartonmalow.com

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